Social Security Agreement Between Australia and New Zealand: Everything You Need to Know
Australia and New Zealand share a rich history of economic, social, and cultural ties. These two countries have a special relationship that extends beyond geographical proximity. One of the areas where they have collaborated extensively is through the Social Security Agreement. This agreement enables people living and working in Australia and New Zealand to access social security benefits in both countries. In this article, we delve deeper into what the Social Security Agreement between Australia and New Zealand entails.
What Is the Social Security Agreement Between Australia and New Zealand?
The Social Security Agreement between Australia and New Zealand is a treaty between the governments of both countries that allows people to access social security benefits when visiting, working, or residing in either Australia or New Zealand. The agreement aims to help individuals, their families, and employers navigate social security obligations when they move between the two countries.
Why Do We Need a Social Security Agreement?
Without this agreement, people moving between Australia and New Zealand would often find themselves in a complex situation where they were ineligible for certain benefits, had to pay higher tax rates, and faced an increase in paperwork. This situation discouraged people from taking advantage of employment and travel opportunities in both countries. Fortunately, since the agreement`s inception, people can move with more ease and confidence because they know their social security benefits are protected.
How Does the Agreement Work?
The agreement effectively treats Australia and New Zealand as one country for social security purposes. It means that if you`ve lived, worked or paid taxes in either country, your time in both nations counts towards your eligibility for social security benefits. This means that you may be eligible for benefits in both countries.
What Benefits Are Covered Under the Agreement?
The agreement covers a range of social security benefits. Some of the benefits covered include:
– Age pensions
– Disability support pensions
– Carer payments and allowances
– Family tax benefits
– Paid parental leave
– Youth allowance
– Special Benefit
– Sickness and disability support
– Bereavement payments.
Who Is Eligible for the Agreement?
To be eligible for the Social Security Agreement between Australia and New Zealand, you must:
– be a resident of either country
– be living in either country
– have lived, worked, or paid taxes in either country.
It`s important to note that the eligibility criteria for each benefit is different.
How Can You Apply for Social Security Benefits?
To apply for social security benefits, you must contact the relevant government agency in your country. For example, if you`re in Australia, you`ll need to contact Centrelink, whereas in New Zealand, you`ll need to contact Work and Income.
The Social Security Agreement between Australia and New Zealand is a crucial treaty that enables people to live, work and travel between both nations without worrying about social security benefits. It`s a testament to the strong relationship between the two countries and their commitment to making life easier for their citizens. If you`re eligible, take advantage of this agreement to access social security benefits and enjoy the many opportunities that both countries have to offer.